they're going to protect the big three. they want some revenue increases although the two plans on the table don't have that. so we still could be a long way from some kind of conclusion. obama associate told me today that if the president had an extension come to his desk, he feels that president would be obligated to sign it. what's the president going to do? not sign an extension? let the economy default? that's not a very good option. joining us now live from capitol hill, house minority whip steny hoyer of maryland. congressman, great to have you with us tonight. it has been a whirlwind of news. i'll just ask you straight up, what can you tell us at this hour? where are we? >> i think what we're seeing, ed, is a stark example of why we could not no matter what we did come to a compromise with the republicans. their leader wanted to do that. but the party of no is saying no to their own deal. the party of no is putting at risk the american taxpayer, the american family and america itself. i think the american public has